Equity Risk Sciences, Inc. is a research company.  The company does not act as a personal investment advisor. Nor do we advocate the purchase or sale of any security or investment for any specific individual. The proprietary recommendations and analysis we present to readers is for the exclusive use of subscribers. Readers should be aware that although our track record is highly rated, and has been legally reviewed for presentation in this invitation, investment markets have inherent risks and there can be no guarantee of future profits. Likewise, our past performance does not assure the same future results. Warning: The past performance of any trade, whether actual or hypothetical, is not necessarily an indication of future results. Stocks, futures, currencies, commodities, CFDs, options and all types of investment trading can have large potential rewards, but also carry large potential risks.

Using back-testing to test a methodology for buying and selling stocks has several limitations. Back-tested results, being based on the market in the past, are unrelated to what the market may do in the future. Depending on market factors, there may be wide differences between the results modeled in this chart and the results actually achieved by the model’s use. In addition, there is no financial risk involved in the construction of back-tested portfolios. The ability to withstand losses or to adhere to a trading program in spite of losses are material points which can negatively affect actual trading results. Back-tested models are prepared with the benefits of hindsight, which limits how well they can model real stock trading. These and other factors related to the markets or to the implementation of any trading program cannot be fully accounted for in the preparation of back-tested performance results and may therefore affect actual trading results adversely.

We make absolutely no representation that gains or losses demonstrated in services published by Equity Risk Sciences, Inc. are likely or achievable. Hypothetical trading examples also cannot possibly take into account the impact of liquidity or buyer and seller demand, and do not allow for slippage and associated trading costs and concerns. One must be aware of the risks and be willing to accept them in order to invest in the markets. One should never trade with money that one cannot afford to lose, and one must accept that there will be losses, and one must be able to sustain these losses, both from a financial as well as an emotional perspective. Recommendations are for the exclusive use of subscribers and can change at any time. This work is based on SEC filings, current events, interviews, corporate press releases, and what we’ve learned as financial journalists.  It may contain errors and you shouldn’t make any investment decision based solely on what you read here. It’s your money and your responsibility.